Issue: 1179 Date: 3/28/2013
Become A Fan, Like St. Louis Chinese American News

St. Louis County Property Values Declined Over The Past Two Years

請您關注和惠顧聖路易時報的廣告客戶，並向朋友推薦聖路易時報，感謝您的支持！

The median residential property value in St. Louis County declined 7 percent over the past two years, according to preliminary numbers released this afternoon.

St. Louis County Assessor Jake Zimmerman says the numbers show that property values in wealthier areas held steady or only had slight declines, but areas with clusters of foreclosures saw the median property value drop by 12 percent.

"Foreclosures are bad for communities and they're bad for neighborhoods, and these values bear that out," Zimmerman says.
"Parts of St. Louis County have been hit disproportionately hard and that shows in the real values of everyone's property. "

Zimmerman says even though the numbers don't look encouraging, there is reason for optimism.

think if you talk with any real estate professional, they'll tell you
that transactions are picking up, sales are picking up," Zimmerman says. "Both real estate and the economy really do seem to be turning around."

Zimmerman stresses that these property values are preliminary. He encourages residents to go the county assessor's website to view their preliminary property value.

If a resident spots a problem, Zimmerman says it's easier to get it corrected now than waiting to file a formal appeal in the future.